£176.83
Potential Profit
- -
Actual Profit

US Open Championship 2019 Offer – Betway


Posted by Matt (administrator) Matt
Start Time: 13/06/2019 14:45

The US Open Championship 2019 tees off on Thursday and you don’t want to miss this Betway offer! Simply place an Outright Winner bet and if our selection is leading at the end of Round 1, 2 or 3, Betway will pay our bet out as a winner. Translated into matched betting terms, this gives us a potential profit of £176.83 and here’s how…

Key Terms:

  • The minimum and maximum stakes are £5.00 and £20.00 respectively.
  • We must place our bet on the 2019 US Open – Winner market (pre-tournament bets only).
  • If our selection is leading at the end of Round 1, 2 or 3, Betway will pay our bet out as a winner.

Qualifying Bet:

If you’re unfamiliar with qualifying bets, please see my Qualifying Bet Strategy page for a walk-through guide on how it should be done.

It’s entirely up to you which player you go for. Having looked at the odds available, we could place our qualifying bet on Rory McIlroy.

At the time of writing, laying our bet at Smarkets gives us the smallest qualifying loss.

We can calculate our lay stake using my matched betting calculator…

Back Bet (Bookie)

%

Lay Bet (Betting Exchange)

%

Min £
Max £
Lay stake required: £
Bookie
Exchange
Cashback
Total
If back (bookie) bet wins
£
£
£
= £
If lay (exchange) bet wins
£
£
£
= £

Total profit: £

Optimal Underlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

Optimal Overlay

Lay stake required: £
Exchange liability: £

If back (bookie) bet wins: £
If lay (exchange) bet wins: £

As you can see, the calculator tells us that our lay stake should be £17.18…

Betway logo

Place £20.00 on Rory McIlroy @ 9.00 = Potential profit of £160.00

Smarkets logo

Lay £17.18 on Rory McIlroy @ 10.50 = Potential liability of £163.21

Outcomes:

Let’s have a look at our potential profit/loss for the possible outcomes…

OutcomeBookieExchangeProfit/Loss
Rory McIlroy wins having lead after a previous round+£160.00-£163.21£3.21 loss
Rory McIlroy wins having not lead after a previous round+£160.00-£163.21£3.21 loss
Rory McIlroy doesn't win having lead after a previous round+£160.00+£16.83£176.83 profit
Rory McIlroy doesn't win having not lead after a previous round-£20.00+£16.83£3.17 loss

So, if Rory McIlroy leads after Round 1, 2 or 3 but fails to win the tournament, we’ll have made a profit of £176.83!

Any other outcome and we’ll have made a maximum loss of £3.21. Risking £3.21 to make a profit of £176.83, gives us effective odds of 56.09, which I’m sure you’ll agree, makes this a profitable offer in the long run.

If eligible, pay outs will be credited in the form of cash within 24 hours of the tournament ending.

Note: If our selection is leading after Round 1, 2 or 3, we’ll have the option to place an extra back bet on our selection to win the tournament outright, to lock in a profit. If you decide to guarantee a profit, you just need to divide the sum of your potential loss and potential profit by the back odds. For example, if Rory McIlroy has back odds of 3.00 (2/1), you would divide £180.04 (£3.21 + £176.83) by 3.00, giving you a back stake of £60.01 and a guaranteed profit of £116.81.

Comments


  1. Nick

    Guest user

    Doesn’t state in the T+Cs that restricted accounts won’t qualify…. what are your thoughts? I can’t find an online chat to ask them.

    +0
    Reply
  2. Fordy

    13

    Won’t qualify.

    What normally happens is, they don’t allow you to place the minimum bet (£5).

    +1
    Reply
    1. Nick

      Guest user

      Yes that is very true.

      Is this offer the same as the Bruce betting offer?

      +0
      Reply
  3. Fordy

    13

    I think so, but only available to Irish Customers so rules me out 😩

    +0
    Reply
  4. Dave The Rave

    Guest user

    888 Sport are offering a £100 free bet refund if Koepke wins.

    I’m sure I saw another bookie offering payout if they lead after any round too. Will check.

    +0
    Reply
    1. Matt

      131

      I think the standard version of that one is a free bet refund up to £20.00.

      Unfortunately, there isn’t much value in it with Koepka being odds of around 10.00 (9/1) to win the tournament.

      +0
      Reply
      1. Dave The Rave

        Guest user

        Oh, it’s changed to £20 now when I login. £100 must have been an error.

        +0
        Reply
        1. Matt

          131

          No problem Dave.

          +0
  5. scott

    Guest user

    If betway accept my bet could they deny paying me out as im not sure if im restricted with betway.

    +0
    Reply
    1. Matt

      131

      Yes Scott. If you’re restricted with Betway, you won’t get the payout if your selected player doesn’t win having led after a previous round.

      +0
      Reply
  6. Kyle

    Guest user

    I click to place a winner bet but it only gives me an ‘each way’ bet.. just confirming this is correct?

    +0
    Reply
    1. Matt

      131

      You don’t need to place an each way bet Kyle. It’ll only be an each way bet if you check the each way box on the betslip.

      +0
      Reply
  7. Nick

    Guest user

    There’s an in play offer I saw on betFred today
    Bet 10 get 5.

    +0
    Reply
    1. Matt

      131

      Thanks Nick, just posted.

      +0
      Reply
  8. Ste

    Guest user

    Any idea when end of first round is ?

    +0
    Reply
    1. Matt

      131

      The 1st Round should finish some time after midnight tonight Ste.

      +1
      Reply
  9. domi

    Guest user

    when will the US Open 2019 market on smarkets settle?

    Thanks

    +0
    Reply
    1. Matt

      131

      The market will settle when the tournament finishes in the early hours of Monday 17th June 2019.

      +1
      Reply
  10. Vicky

    Guest user

    Do you think it’s worth cashing out on McIlroy now… 5 shots behind leader?

    +0
    Reply

Post a comment


Your email address will not be published. Required fields are marked *